Filing Flows › Rocket Lab (RKLB) › Q4 2024
Rocket Lab (RKLB) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Rocket Lab (RKLB) reported revenue of $132M for the fourth quarter 2024 (Q4 2024), +121% from a year earlier and +26% from the quarter before. Operating margin was -38.9%, net loss $52.3M (39.5% of revenue).
Rocket Lab, Q4 2024: revenue $132M (+121% year over year), operating margin -38.9%, net loss $52.3M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $132M | +26% | +121% |
| Operating profit | −$51.5M | — | — |
| Net earnings | −$52.3M | — | — |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $132.4M in Q4 2024, up 121% year over year and up 26% from the previous quarter. Space Systems was the largest line at 68% of revenue.
Gross margin was 27.8%, up 2.0 points from a year earlier. Operating costs exceeded revenue by $51.5M, an operating margin of -38.9%. Operating expenses grew 39% against revenue growth of 121%. The fastest-growing cost line was SG&A (+55%). The quarter ended with a net loss of $52.3M, wider than the previous quarter's $51.9M loss.
Operating cash flow was −$2.4M. Non-cash charges added back $9.1M of depreciation and amortization and $16.9M of share-based compensation. Working capital and other items added $23.9M. Capital expenditures of $21.6M exceeded it, leaving free cash flow of −$23.9M.
Questions
What was Rocket Lab's revenue in the fourth quarter 2024?
Rocket Lab (RKLB) reported revenue of $132M for the fourth quarter 2024 (Q4 2024), +121% from a year earlier and +26% from the quarter before.
Was Rocket Lab profitable in the fourth quarter 2024?
Operating loss was $51.5M (-38.9% of revenue) and net loss $52.3M.
Source: Rocket Lab 10-K on SEC EDGAR.